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IGR Ig Design Group Plc

214.00
6.00 (2.88%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ig Design Group Plc LSE:IGR London Ordinary Share GB0004526900 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 2.88% 214.00 210.00 218.00 216.50 206.50 208.00 302,171 16:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Convrt Paper,paperbd Pds,nec 890.31M -27.99M -0.2829 -7.56 211.7M
Ig Design Group Plc is listed in the Convrt Paper,paperbd Pds sector of the London Stock Exchange with ticker IGR. The last closing price for Ig Design was 208p. Over the last year, Ig Design shares have traded in a share price range of 106.25p to 228.50p.

Ig Design currently has 98,926,000 shares in issue. The market capitalisation of Ig Design is £211.70 million. Ig Design has a price to earnings ratio (PE ratio) of -7.56.

Ig Design Share Discussion Threads

Showing 4851 to 4874 of 5100 messages
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older
DateSubjectAuthorDiscuss
19/5/2023
20:18
ottrott. I happy to bounce ideas.
Previous high of around £8 was built on clearing debt, growth and the prediction of future growth. This is now a recovery stock without any growth currently. I was looking to reduce between £2 and £4 on execution of the previous plan.
I still think £4 over 3-4 years is doable if all things remain equal, which they wont.
However the next 6 months has headwinds vs last year and what was behind the "recently deteriorated trading, and very limited pricing expectations for Christmas 2023 in the United Kingdom".
IGR fell nearly 50% after 08/22 highs and is today 20% off YTD highs.
"Lance Burn has agreed to remain in role as Interim Chief Operating Officer through to 31 October 2023". What happens then? How much of the US management has been changed and are any of the customer relationships effected by the change in US personnel?
"management's aspiration to restore pre-Covid operating profit margins by the end of FY25". That is "end of FY25" which by my reading is around 01/01/2025, for sales taken for delivery in Christmas 2025. Adjusted operating margin was 7.3% in FY 2019.
Lots of outlook clarification needed on June 20th and during the Q&A.

darrin1471
19/5/2023
17:15
darrin1471: "FY24 to present demand and pricing challenges...Nevertheless, it expects to make progress towards its FY25 aspiration." If op margin moves from the present 1.8% towards the pre covid 6% that will have a dramatic effect on profitability. If this turns out to be the case then even if H1 24 revs are lower than H1 23, profits are likely to be higher.
I think Lance Burn and the present management were singing from the same hymn sheet so see no change in the strategy of bringing DGA op margins in line with DGI. In fact in the last presentation the CEO suggested that margins in the US should in theory be higher than DGI.

So in summary I think it is the change in margins not rev that is most important here. That's what I'll be looking at on 20th June.

I guess time will tell. Good luck anyway.

ottrott
19/5/2023
14:51
I had intended to top slice before the end of year update, but took my eye off the ball as the price kept on rising.
Results for YE23 were slightly better than expected. We knew the FY23 was weighted to the first half due to the early delivery of Christmas orders.
What concerned me was the outlook. "FY24 to present demand and pricing challenges". This is concerning because orders will already be in for Christmas 2023. They are not forecasting but reporting future sales. Supply chain bottlenecks have been resolved so there has to be a risk that early H1 revenue will fall back to their normal position in H2.
H1 YE24 results and profits are likely to be significantly lower than H1 YE23.
With a new CEO and CFO they will be working on a new strategy. I liked the old strategy being executed by Lance Burn, so I see a potential risk there.
Having reflected on the above I feel IGR could drift lower for the rest of the year and have sold IGR.
I will be watching IGR closely and may jump back in if I have made the wrong call.
Good luck all.

darrin1471
19/5/2023
13:51
virtual presentation and Q&A for investors at 14:00 on 20(th) June 2023.
darrin1471
19/5/2023
09:05
IG Design Group (IGR) Full Year results webinar

IGR Chair, Stewart Gilliland and CEO, Paul Bal will present Full Year results for the year ended 31 March 2023, followed by Q&A.

Register here: bit.ly/IGR_FY_results_webinar

tomps2
05/5/2023
08:01
"Appointment of Rohan Cummings as Chief Financial Officer, effective from 3(rd) July 2023"

Paul Bal and Rohan Cummings are likely to of known of each other as Paul was running the international drinks business Stock Spirits at the same time as Rohan was CFO at Asahi Europe and Asahi International.

darrin1471
04/5/2023
09:33
Since November 2022 Canaccord have moved from 5% to 16%
About 50% of IGR held by Hedlund, Canaccord, Octopus and Fidelity.

darrin1471
04/5/2023
07:09
CANACCORD GENUITY added nearly another million shares to their holding.
time 2 retire
02/5/2023
18:56
Significantly higher volume of 700k+ went through at 170.5p today.
Understandable a seller may want to take profits at this level and positive that a buyer sees an upside from here.

darrin1471
26/4/2023
07:39
From the telegraph yesterday
se81
24/4/2023
10:32
Next GATC , share price will be over 200p in few weeks
blackhorse23
20/4/2023
15:23
I'm out. Refinancing will be more expensive than previous deal. These are going to slide over the rest of 2023 because they wont be able to show much progress this year.Will look to get back in at lower level.
fegger
20/4/2023
11:08
And Progressive leave FY23 & FY24 forecasts unchanged…interesting
se81
20/4/2023
10:57
They're rationalising an acquisition and dropping loss-making contracts resulting in margins beating expectations! Ignoring the non-cash write-down, results are going to be ahead of forecasts. Their markets were already challenging in the last year.
aleman
20/4/2023
10:44
Even on an adjusted basis this is barely making a profit! Caution and deteriorating trading everywhere in that statement.
justiceforthemany
20/4/2023
09:46
They need shares to fill a big order is how they work - best way is to panic holders
wall street trader
20/4/2023
09:05
It was a very odd price move this morning. Trading over 180p yesterday and opened at 136p. It was the market makers that decided to drop the price rather than initial trading from investors. Why?
aleman
20/4/2023
08:55
Weaker trading in UK with non-cash write-down. Stronger trading in Europe. Margins and profit ahead. How can margins, profit and cash ahead of previous guidance be a profit warning? The refinancing looks likely to get away without a hitch, opening the door to return of dividends.
aleman
20/4/2023
08:32
Why speculate re profit warning or not? Canaccord have given the revised numbers (presumably guided by the company)- upgraded FY23E, FY24E unchanged in terms of profitability (revenue downgrades for both)

Bal comes across as extremely conservative

Dip being bought

se81
20/4/2023
08:29
just some profit taking - Im holding long term for the return of the dividend
wall street trader
20/4/2023
08:24
It read as a profit warning and guidance was dire. Hence the sell off. No dividend likely. I am out.
justiceforthemany
20/4/2023
08:15
Shipping costs have hit record lows recently. This company had some supply chain issues. They should have freed up considerably and that is probably why margins ahead of expectations.
aleman
20/4/2023
08:15
Doubled my stake here at 151p
volsung
20/4/2023
08:13
Yep Aleman, the turnaround here looks underway imo. Better than expected group margins and increased cash balances looking significantly improved.With inflationary pressures set to ease imo, this will only help IGR. I maybe adding today.
tonytyke2
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older

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